Question

To create a balanced budget, one must make sure to

spend as little as possible.
pay credit card payments first.
spend less than or equal to income.
pay off debts first.

Answer 1

To create a balanced budget, one must make sure to **spend less than or equal to income**. This means that total expenses should not exceed total income, ensuring that the budget remains balanced. While paying off debts and managing credit card payments are important aspects of personal finance, the fundamental principle of a balanced budget is living within one's means.